Bond King Jeffrey Gundlach has got the economy on a recession watch while the inflation fire burns. The Fed’s mandatory inflation target of 2% and transitory inflation view, touted by Fed Chair Powell only a few months ago, is now assigned to the fairy tale books for adults. The easy part of the Greatest monetary easing experiment in the history of finance is over The first stage of the Fed’s monetary policy, which was to...
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The S&P 500, which tracks stocks of 500 large-cap companies, is officially in an earnings recession. Q3 earnings 2019 have declined -2.3% which marks the first time the index has reported three straight quarters of year-over-year earnings declines since Q4 2015 through Q2 2016, according to FactSet. An earnings recession is defined as two consecutive quarters of year-over-year declines So the latest Q3 earnings 2019 has clocked...
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